Westminster, Lethbridge · MLS® A2346322
211
754 sq ft · Condo · Single Family · built 1969 · 33 days on market
listed by Rachel Ingram, eXp Realty of Canada
Welcome to #3 218 Mayor Magrath Dr N - A fantastic opportunity to own a well-maintained 2-bedroom, 1-bathroom condo in a highly convenient north Lethbridge location! This affordable apartment-style unit offers 754 sq ft of functional living space, making it an ideal investment property, a perfect option for students, first-time buyers, or those looking to downsize. The unit features a bright and spacious kitchen with eating area and durable laminate flooring. Enjoy your morning coffee or unwind in the evening on the private balcony. The layout is practical, with two comfortable bedrooms and a full 4-piece bathroom.Located close to shopping, transit routes, and everyday amenities, this condo offers excellent rental potential. Assigned parking and a well-managed building add to the appeal.Whether you're building your investment portfolio or searching for a low-maintenance home in a central location, this is a smart buy with strong long-term value. Reach out to your favourite REALTOR® today to book your private tour.
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $645 · tax $116 · strata $549 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a 2-bedroom in Lethbridge: CMHC's average there ($1,593) raised by what new tenants pay against everyone in the Lethbridge area. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant).) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.
Alberta has no cap on how much rent can rise, but only one increase a year, with three months' written notice for a monthly tenancy. alberta.ca
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$132,000
2026 assessment · market value as of July 1, 2025
| roll year | assessed |
|---|---|
| 2026 | $132,000 |
| 2025 | $114,000 |
| 2024 | $102,000 |
From City of Lethbridge open data (parcels and assessments), matched to 3-218 MAYOR MAGRATH DR N. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.
about $1,386 a year
The 2026 assessment times Lethbridge's 2026 residential rate of 10.50 per $1,000 (municipal and education).
The listing shows $1,386 a year in property tax.
Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure.
Walkability 71/100 · Walkable: many errands on foot
Within a 10 minute walk: 8 places to eat or drink, 2 cafes, 6 parks and playgrounds, 2 schools, 1 transit stop.
mihom score from OpenStreetMap places, by straight line distance.